The Central Bank of Nigeria (CBN) has restated its commitment to building stronger collaboration between Nigeria and the Kingdom of Saudi Arabia to enhance economic cooperation and development, its governor, Olayemi Cardoso, has said.
Cardoso stated this at the CBN headquarters while receiving the Ambassador of the Kingdom of Saudi Arabia to Nigeria, Faisal bin Ibrahim Alghamdi, who visited him with his delegation recently in Abuja.
The CBN governor emphasised CBN’s commitment to fostering partnerships between the two countries across critical sectors that drive economic growth.
Also, he said the CBN was prepared to play a critical role in fostering collaborations that would bring substantial economic benefits from improved cooperation between the two countries.
“The Central Bank of Nigeria remains committed to advancing partnerships that will deepen economic ties between Nigeria and Saudi Arabia. We will continue to explore opportunities that will yield tangible benefits for both countries,” Mr. Cardoso said.
He commended the Saudi government for its hospitality during the recently concluded AIUla event, hosted by the Saudi Ministry of Finance in collaboration with the International Monetary Fund (IMF) Regional Office in Riyadh.
In his response, Ambassador Alghamdi expressed appreciation for the warm reception from the CBN Governor and reiterated Saudi Arabia’s interest in expanding bilateral cooperation.
He emphasised the Kingdom’s readiness to work with Nigeria in key economic sectors, particularly in renewable energy, agriculture, and water connectivity.
“We are eager to strengthen our relationship with Nigeria and explore mutually beneficial opportunities that will contribute to the prosperity of both nations,” Ambassador Alghamdi stated.
The visit marks another milestone in Nigeria-Saudi relations, as both countries seek to leverage their respective strengths for long-term economic growth and stability.
